C7L - Approve Bid Funding Agreement

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving In Substantial Form And Authorizing The City Manager To Execute, In A Form Acceptable To The City Attorney, A Memorandum Of Understanding (mou) Between The City Of Miami Beach, Florida, And The Lincoln Road Business Improvement District, Inc. (lrbid), In Order To Continue Providing City Funding In The Amount Of $160,000 Per Year (or $13,333.33 Per Month) For Environmental Maintenance, Hospitality, And Safety Services For The Area Located Within The Lincoln Road Business Improvement District; Said Agreement For A Term Of Approximately Five (5) Months, Commencing Retroactively On May 1, 2020, And Ending On September 30, 2020, Which Term May Be Extended For Up To Two (2) One-year Renewal Terms, At The Sole Discretion Of The City Commission, And Subject To Any Required Budgetary Appropriations.